TKC(200512)2021-08-03 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,197,289,007.11, representing a 50.98% increase compared to CNY 793,014,584.36 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 60,417,688.12, up 54.05% from CNY 39,220,703.16 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 48,033,980.60, an increase of 47.77% compared to CNY 32,506,739.64 in the previous year[20]. - The company achieved a total profit of 89.09 million yuan, an increase of 48.73% compared to the same period last year[30]. - Operating revenue reached 1,197.29 million yuan, reflecting a growth of 50.98% due to significant increases in new product orders and export orders[32]. - The company reported a basic earnings per share of 0.33 yuan, an increase of 0.12 yuan compared to the previous year[30]. - The basic earnings per share for the reporting period was CNY 0.33, representing a 57.14% increase from CNY 0.21 in the same period last year[20]. - The company reported a total revenue of 2,813.07 million yuan from related party transactions, accounting for 2.53% of similar transactions[89]. Assets and Liabilities - The company's total assets at the end of the reporting period reached CNY 2,894,468,587.30, a 20.20% increase from CNY 2,408,046,446.78 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 895,834,244.98, reflecting a 3.68% increase from CNY 864,030,127.11 at the end of the previous year[20]. - The company's total liabilities amounted to CNY 1,580,164,093.63, up from CNY 1,107,330,415.57, reflecting an increase of approximately 42.6%[120]. - The company's accounts payable increased to 765,690,844.84 CNY, accounting for 26.45% of total assets, primarily due to increased revenue and outstanding payables[46]. - The company's cash and cash equivalents increased to ¥744,754,520.51, accounting for 25.73% of total assets, down from 32.01% last year[44]. - The company's cash and cash equivalents at the end of the reporting period amounted to 615,026,388.14 CNY, with a difference of 129,728,132.37 CNY due to non-cash equivalents being excluded[50]. Cash Flow - The net cash flow from operating activities was negative at CNY -62,974,459.40, worsening from CNY -28,011,876.14 in the same period last year, highlighting cash flow challenges[20]. - The cash inflow from operating activities for the first half of 2021 was CNY 1,291,055,093.20, a 51.5% increase from CNY 853,370,730.83 in the same period of 2020[130]. - The cash inflow from investment activities was CNY 619,753,679.88, up 32.2% from CNY 468,698,640.38 year-on-year[130]. - The net cash flow from investment activities was positive CNY 64,925,789.67, a significant improvement from a negative CNY 253,882,705.24 in the first half of 2020[130]. - The cash inflow from financing activities totaled CNY 121,414,804.57, compared to CNY 54,522,840.00 in the same period of 2020[131]. - The net cash flow from financing activities was negative CNY 57,126,333.65, worsening from a negative CNY 24,094,067.00 in the first half of 2020[131]. Research and Development - The company obtained 34 research and development patents during the reporting period, including 13 invention patents, 18 utility model patents, and 3 design patents[29]. - Research and development expenses were 30.31 million yuan, slightly down by 1.67% from the previous year[34]. - The company maintained its core competitiveness through a diversified R&D service system and a focus on smart control and IoT applications[29]. Market and Competition - The food cooking segment generated ¥849,986,846.00, accounting for 70.99% of total revenue, with a year-on-year growth of 69.70%[39]. - Revenue from the Americas was ¥648,414,462.43, which is 54.16% of total revenue, showing an 81.75% increase from ¥356,754,688.62 last year[39]. - Domestic market competition is intensifying, prompting the company to focus on technological innovation and brand development to increase market share[62]. - The pandemic has led to increased demand for small home appliances as more people cook at home, indicating a potential growth area[68]. Risks and Challenges - The company faces risks from international trade tensions, including increased tariffs and non-tariff barriers, which could lead to a decline in sales revenue if international market demand decreases[61]. - The company is exposed to exchange rate fluctuations, which significantly impact its operations, and it employs financial instruments to mitigate this risk[63]. - Rising labor costs and shortages are a concern, leading the company to enhance production efficiency through automation and improve employee retention strategies[64]. Corporate Governance - The company has not undergone any significant changes in its board of directors or senior management during the reporting period[73]. - The company has not implemented any employee incentive plans during the reporting period[75]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[79]. Financial Reporting - The half-year financial report has not been audited[80]. - The financial report for the first half of 2021 was not audited[116]. - The company did not report any significant changes in accounting policies or prior period adjustments during the first half of 2021[136]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 14,990[106]. - Fordchee Development Limited holds 29.10% of shares, totaling 53,940,530 shares, unchanged during the reporting period[106]. - Eupa Industry Corporation Limited holds 13.09% of shares, totaling 24,268,840 shares, unchanged during the reporting period[106].